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1040 ELECTRONIC TAX ORGANIZER
In an effort to enhance our client’s experience and improve efficiency, we are implementing a new software: CCH Axcess – Client Collaboration. This electronic tax organizer will provide a way to electronically submit tax documents needed to prepare your personal return. To make the process seamless for our clients and team
USE AN S CORPORATION TO MITIGATE FEDERAL EMPLOYMENT TAX BILLS
If you own an unincorporated small business, you probably don’t like the size of your self-employment (SE) tax bills. No wonder! For 2023, the SE tax
INHERITING STOCK OR OTHER ASSETS? YOU’LL RECEIVE A FAVORABLE “STEPPED-UP BASIS”
If you’re planning your estate, inheriting stock or other assets, you may be unsure of the “cost” (or “basis”) for tax purposes. HOW DO THE
STARTING A BUSINESS? HOW EXPENSES WILL BE TREATED ON YOUR TAX RETURN
Government officials saw a large increase in the number of new businesses launched during the COVID-19 pandemic. And the U.S. Census Bureau reports that business
5 TIPS FOR MORE EASILY OBTAINING CYBERINSURANCE
Every business should dedicate time and resources to cybersecurity. Hackers are out there, in many cases far across the globe, and they’re on the prowl
THAT EMAIL OR TEXT FROM THE IRS: IT’S A SCAM!
“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. The scams may come in through
IF YOU’RE HIRING INDEPENDENT CONTRACTORS, MAKE SURE THEY’RE PROPERLY HANDLED
Many businesses use independent contractors to help keep their costs down — especially in these times of staff shortages and inflationary pressures. If you’re among
ADVANTAGES AND DISADVANTAGES OF CLAIMING BIG FIRST-YEAR REAL ESTATE DEPRECIATION DEDUCTIONS
Your business may be able to claim big first-year depreciation tax deductions for eligible real estate expenditures rather than depreciate them over several years. But
SOLO BUSINESS OWNER? THERE’S A 401(K) FOR THAT
If you own a successful small business with no employees, you might be ready to set up a retirement plan. Now a 401(k) might seem
KEEP THESE DOS AND DON’TS IN MIND WHEN DEDUCTING BUSINESS MEAL AND VEHICLE EXPENSES
If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or